How to Secure Your Cryptocurrencies With These 2 Offline Tools (best I’ve found)
I’m pretty paranoid when it comes to my investments; I don’t want my hard-earned money ending up in the wrong hands: hackers.
That’s why I’ve invested in my investments and purchased 1 cold-storage device and 1 offline booklet that help keep my money SAFE.
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Before purchasing either of these devices, I used to keep my PIN codes, exchange passwords, and seed words all tucked away in my online password manager, LastPass.
While I love LastPass (and will continue to use it for a number of sites), storing very, very sensitive cryptocurrency information is a big no-no and if you’re currently doing this, I highly recommend thinking about an alternate method.
You never know when a site will get hacked! And for that one reason, I’m using the following tools to keep my money safe.
Ledger Nano X
This device is pretty cool. It allows me to store my BTC, ETH, ALGO, and others without worrying about getting hacked. Why? Because with this device, I hold 100% of the private keys for each coin/token.
When an online exchange holds your money, they hold your private keys. For me, holding more than $1,000 in these online exchanges is a little scary. I’ve read article after article talking about how “hackers broke in a stole X amount from [website].”
While most of the time people get their money back after cyber attacks like this, is it worth the frustration and hassle? For me, it’s not. I like knowing where my money is and with my Ledger Nano X, I don’t worry anymore.
With the Ledger Nano X, you can:
- Combine the Ledger Nano X with the Ledger Live app for maximum security and control over…